Rigzone Industry News

The International Energy Agency cut its forecast for global oil demand this year.

Uniper has signed an agreement with Shell to progress plans to produce blue hydrogen at Uniper's Killingholme power station site in the UK.

ASCO has been selected by Vestas to work on the Seagreen offshore wind project, some 17 miles off the coast of Angus, Scotland.

Oil rallied as Russian President Vladimir Putin vowed to continue the invasion of Ukraine and China partially eased Covid-related restrictions, allaying some of the demand concerns that had weighed on prices.

Lamprell has signed an MoU with NOV to provide fabrication, assembly, and outfitting of three NOV-designed tri-floaters.

Some of the worst fire conditions in a decade are going to sweep across Texas.

Wood has been awarded a contract by Woodside Energy for work on the Sangomar FPSO development, located 60 miles south of Dakar, Senegal.

BofA Global Research is maintaining its $102 per barrel average Brent crude oil price forecast.

Shell has resumed shipping LNG from its Prelude FLNG facility offshore Australia after a four-month shutdown caused by a major power failure.

The refiner has been through several board reshuffles since 2019.